[69907] A wave of giant technology IPOs: SpaceX and OpenAI on the way to the stock market

A wave of giant technology IPOs: SpaceX and OpenAI on the way to the stock market

The technology capital market is facing a significant shake-up as two giants prepare for an initial public offering (IPO) move. According to Hadashot 360 | All the News, the company OpenAI, developer of ChatGPT, is advancing moves for an IPO in collaboration with banks Goldman Sachs and Morgan Stanley. According to the channel, the move comes against the backdrop of "increasing competition in the artificial intelligence market and pressure from large technology companies," with the goal of entering the market as early as this coming autumn.

Simultaneously, Elon Musk's space company SpaceX is preparing for a historic IPO on the Nasdaq exchange under the ticker SPCX. Tech News report that the company has filed a request with the SEC, while promising that Musk will maintain control over it through a special voting stock structure. Despite a net loss of about 12.9 billion NIS in the first quarter of 2026, attributed to massive investments in Starship and Starlink, the IPO is marked as one of the most anticipated deals of the decade.

Further details arriving from 📱 Tech Updates 💻 indicate that SpaceX is expected to raise up to 75 billion dollars, based on an estimated company valuation of about 1.75 trillion dollars. According to the channel, the company's financial reports now include for the first time also the merger of xAI activity and the X network, where 2025 revenues stood at 18.67 billion dollars, the vast majority of which from the operation of the Starlink satellite service, which holds 10.3 million subscribers.